Member Info for Eaglehurst

A 6 month lead time is simply too short. There should be 3-5 year forecasts, regularly flexed and updated, upon which future finance needs are determined and sourced. 6 months is crisis management and obtaining finance in a crisis is expensive at best.

The directors admit that AGM is running out of cash and will do so during 1/23. They say that the advice they've received is that the market is not currently conducive to a capital raise. The real question is not how they can raise finance at this late stage, but why have the Directors allowed AGM to get to this state. They must have known a long time ago that finance would or would be likely to be needed. They should have made arrangements then. To attempt to raise finance when you're in need of it is always bad news: fa better to make contingency arrangements in advance. Lenders/investors will only put urgently needed finance in on onerous/fire sale terms: decent terms will only be available to a success story.

I believe that the finance needed will now only be available on terms that almost or totally extinguish the interests of the present investors.

NEVER allow the sharks to get control!!